North America Residential Electric Boiler Market
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North America Residential Electric Boiler Market was valued at USD 335.2 million in 2023 and is projected to record over 9.2% CAGR from 2024 to 2032. Increasing investments toward the integration of sustainable systems to reduce the greenhouse gas & carbon emissions will boost the industry growth. For instance, the regulations pertaining to the construction, design and operation of the building in accordance with the specifications & mandates for the energy-efficient appliances.
A residential electric boiler is an efficient and eco-friendly heating system designed for home use, converting electrical energy into heat for domestic hot water and space heating. These boilers do not produce emissions or require a flue making them a cleaner option for homeowners. They operate silently and have fewer moving parts, which reduces maintenance needs and enhances reliability. Additionally, these systems offer precise control over temperature settings and can be easily integrated with existing home automation systems.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Residential Electric Boiler Market size in 2023: | USD 335.2 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 9.2 |
| 2023 Value Projection: | USD 746.8 Million |
| Historical Data for: | 2021 to 2023 |
| No of Pages: | 100 |
| Tables, Charts & Figures: | 8 |
| Segments Covered: | Voltage Rating & Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The increasing demand for efficient water heating systems, combined with the transition toward zero-emission buildings, is driving the replacement of outdated units and boosting the industry growth. High-rise buildings and apartment complexes often install multiple boilers to enhance reliability, which is expected to further stimulate business expansion. The growing number of new households, driven by rising population figures, is fueling the need for effective heating equipment, including boilers. Additionally, the surge in migrant populations in urban areas along with the shift toward single-family homes are set to drive the demand for residential boilers.
The low voltage residential electric boiler industry will cross over USD 500 million by 2032. Increasing investments in the real estate sector coupled with the ongoing replacement of traditional heating systems with energy-efficient alternatives will continue to shape industry dynamics. Additionally, stringent regulations aimed at reducing reliance on fossil fuels along with government tax incentives to encourage the adoption of clean technologies will enhance the business environment.
The medium voltage residential electric boiler market size will witness growth rate of over 8.5% through 2032. The product boasts significant benefits comprising of high-pressure handling capacity, extended operational lifespan, and enhanced safety, which drive its adoption. The implementation of energy-efficient codes and standards to promote better energy use, along with legislative mandates aimed at reducing greenhouse gas emissions, will positively impact the business outlook.
The U.S. residential electric boiler market is set to surpass USD 600 million by 2032, owing to growing focus to curb GHG emissions and rising investments toward the development of green building infrastructures. Moreover, the harsh weather conditions along with soaring infrastructural investment across the residential sector will escalate the business growth.
The surging investments across real estate sector along with growing consumer awareness toward the installation of reliable and efficient heating units will add to the industry growth across Canada. The formulation of effective regulations toward carbon emission will be led to an upsurge in the replacement of conventional heating systems, stimulating the business growth. Moreover, shifting trends toward conjugal family along with growing adoption of energy efficient water heating systems will augment the business landscape.
FERROLI is an Italian-based company that has been a prominent player in the heating and air-conditioning industry. Known for its innovative approach to heating solutions, the company manufactures a wide range of products, including electric boilers, which are renowned for their efficiency, reliability, and advanced technology. Its boilers are designed to offer an eco-friendly alternative to traditional gas or oil-fired boilers, providing heating and hot water with a focus on energy efficiency and environmental sustainability. These boilers are typically easy to install, compact, and feature user-friendly controls, making them suitable for both residential and commercial applications.
The key industry players include:
Market, By Voltage Rating
The above information has been provided for the following countries:
The market size of North America residential electric boiler was worth over USD 335.2 million in 2023 and is estimated to grow at a 9.2% CAGR through 2032, due to increasing investments toward the integration of sustainable systems to reduce the greenhouse gas & carbon emissions.
North America low voltage residential electric boiler market size will exceed USD 500 million by 2032, due to increasing investments in the real estate sector coupled with the ongoing replacement of traditional heating systems with energy-efficient alternatives.
U.S. residential electric boiler industry size is set to surpass USD 600 million by 2032, owing to growing focus to curb GHG emissions and rising investments toward the development of green building infrastructures.
ACV, Atlantic Boilers, Bosch Industriekessel GmbH, Bradford White Corporation, Chromalox, Cleaver-Brooks, Cochrane Engineering, Danstoker, Electro Industries, and FERROLI.